Based on today's classical pivot point (P1) with the value of $0.02629, Merlin Chain has support levels of $0.02523, $0.02460, and the strongest at $0.02354. Similarly, Merlin Chain resistance levels are at $0.02692, $0.02798, and $0.02861.
| # | Price | Strength |
|---|---|---|
| S1 | $0.02523 | |
| S2 | $0.02460 | |
| S3 | $0.02354 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.02692 | |
| R2 | $0.02798 | |
| R3 | $0.02861 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 36.22 | NEUTRAL |
| Stoch RSI (14) | 7.73 | BUY |
| Stochastic Fast (14) | 2.92 | BUY |
| Commodity Channel Index (20) | -88.61 | NEUTRAL |
| Average Directional Index (14) | 15.68 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.01 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -97.08 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 35.99 | NEUTRAL |
| VWMA (10) | 0.03 | SELL |
| Hull Moving Average (9) | 0.03 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.03 | NEUTRAL |
Over the past 7 days, Merlin Chain price was most positively correlated with the price of SPX6900 (SPX), Immutable X (IMX), Floki Inu (FLOKI), Chainlink (LINK) and Ethena (ENA) and most negatively correlated with the price of Midnight (NIGHT), JUST (JST), Stellar (XLM), Terra Classic (LUNC) and DeXe (DEXE).
| Name | Correlation |
|---|---|
| SPX6900 | 0.970 |
| Immutable X | 0.949 |
| Floki Inu | 0.941 |
| Chainlink | 0.926 |
| Ethena | 0.926 |
| Name | Correlation |
|---|---|
| Midnight | -0.775 |
| JUST | -0.622 |
| Stellar | -0.546 |
| Terra Classic | -0.302 |
| DeXe | -0.260 |
Merlin Chain price is positively correlated with the top 10 coins by market cap with a price of 0.761, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.578.
Currencies that are positively correlated with Merlin Chain indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Merlin Chain, a move in one direction for Merlin Chain would translate into a move in the opposite direction for the negatively correlated coin.
